(Alberta) Emissions Management and Climate Resilience Act and Regulations

The Emissions Management and Climate Resilience Act (formerly the Climate Change and Emissions Management Act) and Regulations address carbon dioxide, methane and other specified gas emissions that contribute to climate change. The specified gas emission target for Alberta is an emissions reduction by December 31, 2020 to an amount that is 50% or more than 1990 levels, relative to GDP. Pursuant to the Act, regulated emitters are required to report emissions in accordance with the criteria prescribed in the Specified Gas Reporting Regulation.
The Technology Innovation and Emissions Reduction Regulation applies to facilities with direct emissions of 100,000 tonnes CO2e per year or with imports of more than 10,000 tonnes of hydrogen in 2023 or a subsequent year. To determine allowable emissions, high performance benchmarks are established for regulated products, and the Minister may also establish a facility-specific benchmark for any regulated facility. Net emissions are calculated based on the total regulated emissions less emissions offsets, emission performance credits, fund credits and sequestration credits used by the facility in a given year. In determining net emissions, emission offsets, emission performance credits and sequestration credits must be under a combined maximum percentage of true-up obligation of 70% for 2024, 80% for 2025 and 90% for 2026 or a subsequent year. Part 3 of the Regulation establishes the project criteria for the recognition of emission offsets.
Section 10 of the Act provides that the Climate Change and Emissions Management Fund shall be continued under the name Technology Innovation and Emissions Reduction Fund and used for activities related to reducing emissions of specified gases. 

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